Huhtamäki Oyj : Huhtamaki invests in further growth in the United States

Huhtamäki Oyj : Huhtamaki invests in further growth in the United States
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 1.2.2013 AT 0:30
Huhtamäki Oyj's subsidiary Huhtamaki, Inc. has purchased a manufacturing
facility in Batavia, Ohio, in the United States to set up a new state of the
art manufacturing and distribution unit. With the purchase Huhtamaki continues
its series of investments in expanding and strengthening its disposable
product offering and capability in the United States. "With the investment we
begin to fully leverage our paperboard packaging expertise and our global
foodservice position also in the United States," says Jukka Moisio, CEO of
Huhtamäki Oyj.
The total investment including the site purchase, improvements in
infrastructure and machinery investments to set up capacity will be
approximately USD 60 million (EUR 45 million). Majority of the investment will
take place in 2013. Huhtamaki plans to begin operations in Batavia during the
second half of 2013 and expects to create approximately 200 jobs by the end of
2016.
The site is strategically located in Batavia, Ohio, with excellent rail and
highway access and proximity to major foodservice markets. The optimal
location of the site will enable Huhtamaki to better serve its U.S.
foodservice and retail customers.
"By setting up this world class disposables manufacturing unit in Batavia we
are creating a platform to expand operations as we grow," says Clay Dunn,
Executive Vice President, North America. "In addition to building a plant with
optimal material and workflows we will be able to optimize the product range
in existing manufacturing units. Our initial focus in Batavia will be on paper
cups which are the core of Huhtamaki's global foodservice offering," he
continues.
For further information, please contact:
Jukka Moisio, CEO, tel. +358 10686 7801
Timo Salonen, CFO, tel. +358 10 686 7880
HUHTAMÄKI OYJ
Group Communications
Huhtamaki Group is a leading manufacturer of consumer and specialty packaging
with 2011 net sales totaling EUR 2 billion. Foodservice and consumer goods
markets are served by approximately 14,000 people in 64 manufacturing units
and several sales offices in 31 countries. The parent company, Huhtamäki Oyj,
has its head office in Espoo, Finland and its share is quoted on NASDAQ OMX
Helsinki Ltd. Additional information is available at www.huhtamaki.com.
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